Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of weighted average number of shares used in computing earnings per share

The table below shows the weighted average number of shares used in computing net income per common share and the effect on the weighted average number of shares of potential dilutive common stock for the years ended December 31, 2023 and 2022. Potential dilutive common stock equivalents have no effect on net income available to the Company’s shareholders.

(Dollars in thousands)	Net Income		Weighted Average Shares		Per Share Amount
December 31, 2023
Basic net income per share	$	19,263		5,357,085	$	3.60
Effect of dilutive stock options		-		16,167		(0.02	)
Diluted net income per share	$	19,263		5,373,252	$	3.58
December 31, 2022
Basic net income per share	$	23,438		5,324,740	$	4.40
Effect of dilutive stock options		-		26,618		(0.02	)
Diluted net income per share	$	23,438		5,351,358	$	4.38